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In Czech Republic as self-employed ("živnostník") your effective tax+insurance rate for income up to 2M CZK (~ 80k EUR) is never more than 15%. I have SW contra
by throwaway60722 3y ago
In Czech Republic as self-employed ("živnostník") your effective tax+insurance rate for income up to 2M CZK (~ 80k EUR) is never more than 15%. I have SW contractor friends paying around 8-12% - including health and social insurance. No need to have any accountant at all for income under 2M CZK, you just keep your invoices and sum your income at the end of a year, the tax return form is online and the sum of income is your only input.
- varispeed 3y agoIn the UK, SW contractor easily can pay over 50% of tax and can't deduct any business expenses on top of that.
- throwaway60722 3y agoWell, that's sad. What do they get from the state that people in Czech Republic don't?
- varispeed 3y agoNothing. In the UK is the more you pay the less you get.